US, CdO launch Cities Development Initiative

US, CdO launch Cities Development Initiative

Friday 29th of June 2012

CAGAYAN DE ORO CITY, June 29 -- United States Agency for International Development (USAID) Mission Director Gloria D. Steele and Cagayan de Oro City Mayor Vicente Y. Emano signed a memorandum of understanding to launch USAID's Cities Development Initiative in this city.

U.S. Ambassador Harry K. Thomas, Jr., Department of Trade and Industry Undersecretary Zenaida Maglaya and Department of Interior and Local Government Undersecretary Austere Panadero witnessed the signing.

"The Cities Development Initiative is our contribution to Cagayan de Oro’s commitment to grow its economy so that more people can benefit from education, from health, and from business opportunities while still taking care of the environment. We will partner with government, the private sector and civil society to ensure our programs have a positive impact," Thomas said.

This U.S.-Philippines partnership for growth is helping the country achieve its high growth potential by supporting a more transparent, predictable, and consistent legal and regulatory regime, fostering a more open and competitive business environment, strengthening the rule of law and strengthening fiscal stability.

Cagayan de Oro is the third Cities Development Initiative partner. The other two cities participating in the initiative are Batangas and Iloilo City.

In the Philippines, USAID works in partnership with the national government in creating a more stable, prosperous and well-governed country through programs that promote broad-based and inclusive economic growth, increase peace and stability in Mindanao, and reduce risks from natural disasters. (U.S. Embassy/PIA10)

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